Ridgway, CO vs Silt, CO

Ridgway, CO and Silt, CO have a very similar cost of living, with only a 4.4% difference in their overall index. Ridgway scores 132 while Silt scores 126 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ridgway is $1,336/month compared to $1,928/month in Silt — a 31% difference. Interestingly, home values tell a different story: while Ridgway has cheaper rent, Silt actually has lower median home values ($391,400 vs $677,700).

Median household income in Ridgway is $88,218 compared to $86,484 in Silt (+2%). Ridgway does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Ridgway spend roughly 18.2% of their income on rent, less than the 26.8% in Silt.